Sale of Land - Chalet Investments Ltd.
Plan 3759 A.F., Lot 16 and the most easterly 11 feet of Lot 17; Excepting Thereout: Part of Lot 16 and part of Lot 17 under Plan 752-1522 (Wedgewood) and the north/south lane between 117 Avenue and 118 Avenue and the east/west lane between 78 Street and 79 Street; Containing 1,587.98 m2
Between 117 and 118 Avenue, Between 78 and 79 Street
Recommendations
1. That the above land be sold to Chalet Investments Ltd. at a price of Six Hundred and Forty-one Thousand ($641,000.00) Dollars.
2. That the sale be subject to the conditions contained in Enclosure I.
Discussion
The applicant proposes to purchase this land and consolidate by Plan of Consolidation with the applicant's adjoining land. The development is a commercial/residential project.
Justifications
1. The land to be sold is surplus to municipal requirements.
2. The price of $403.66 per metre square represents market value for the site.
Enclosures
I Conditions of Sale
II Company Branch Search
III Site Plan
IV Location Plan
Prepared by:
Real Estate & Housing Department
1982 11 18